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A report from BNN Bloomberg released Friday announced that North America’s second largest beer maker, Molson Coors Brewing Co., is analyzing Canada’s cannabis industry for a potential move into the space. 

According to the report, the company has spent the past six months in talks with four major Canadian cannabis companies, including Aurora Cannabis and Aphria Inc. 

Molson Coors CEO Mark Hunter stated at an investor conference earlier in the month “We have assembled a team in Canada to actively explore the risks and opportunities of entering the cannabis space in that market”. 

The move looks like a strategy to offset declining beer sales and to counter Coroner beer seller Constellation Brands Inc. who previously purchased a minority stake in Canopy Growth Corp. 

Source: https://www.bloomberg.com/news/articles/2018-06-22/molson-coors-latest-beermaker-to-consider-adding-buds-to-suds


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